Describe the similarities and differences between the cooperative and condominium forms of ownership.1) you are the owner of a home located on a street that your city has decided to widen. that project will require the city to take a portion of your front yard by eminent domain. the city has agreed to pay you $10,000.00 for the property being taken. you have a mortgage with city national bank. does the bank have any claim to your proceeds, and where would you look to determine your respective rights? 2) what is title insurance, and what is the importance of such insurance to the lender and to the buyer? 3) what essential information for preparing loan closing documents can be obtained prior to a real estate closing from a review of the purchase and sale agreement and the loan commitment? 4) describe the similarities and differences between the cooperative and condominium forms of ownership. 5) what are the basic remedies for a landlord if a tenant defaults under a lease? of a tenant if the landlord defaults?